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Aon Plans to Eliminate 3,000 Jobs,
Record Charges of up to $325 Million

By

Michael J. McCarthy Staff Reporter of The Wall Street Journal

Updated Nov. 3, 2000 3:47 a.m. ET

CHICAGO -- In an effort to streamline operations following a four-year acquisition spree, Aon Corp. said it plans to take pretax charges of $250 million to $325 million and cut 3,000 jobs, or roughly 6% of the insurance company's work force.

The job reductions, which will run from senior and middle management to clerical staff, are mostly...